The UK chancellor said there was 'pent up desire' that meant people would start spending once Britain unlocked without any encouragement from the government.
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Why Full Expensing of R&D Should Remain in the Tax Code
Commentary
Ask 1,000 random people what the 2017 tax reform law did, and probably none of them would tell you about full expensing of business investments instead, they’d likely cite individual or corporate income tax reductions.
And yet, the ability to immediately deduct investment expenses was one of the most important pro-growth provisions in the entirety of the Tax Cuts and Jobs Act (TCJA). Now, though, it’s in danger of being phased out, unless Congress passes legislation sponsored by Rep. John Larson (R-Conn.) and other House Republicans to extend it.
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